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Trading is not easy. It is a fact that even professional traders will agree with. Yet, the game becomes much more interesting as it is challenging! So, is trading fun? We bet that only winners can say so while losers keep whining due to their “bleeding” pocket.
The ultimate question is why traders trade. It sounds obvious that people want to get rich! However, most traders suffer from stress and anxiety rather than the dream wealth they are always talking about.
This article addresses one of the overlooked trading aspects — mental health and the work-life balance as a trader.
Every trading instrument has different principles and requires specified knowledge. Yet, there is a universal model that every trader in every instrument should bear in mind.
- Learn about the instrument you are in.
- Draw insights into the market and time frame you are in.
- Conduct analysis techniques to decode the market trends or price actions.
- Develop strategies and flexible tactics.
- Manage risks throughout the process.
And these steps cannot be completed after minutes but hours per day. Some day traders say that they have to be glued to the monitoring screens almost every trading day. And it is exhausting as they seem not to have any time for loved ones or even themselves.
“Time-consuming” is not the only adjective that tags along with trading. Being under high pressure is also what traders should be aware of and get used to.
If wins come along, it can recharge traders’ energy and keep them going. However, if losses are what traders get, they can drain out their energy. Chronic great pain can lead traders to serious damage to traders’ mental health, such as depression.
We try our best to better our lives through the enhancement of our materialism and mentalism. Trading is believed to be among the best ways, yet it seems to do the opposite — making traders feel down or insecure due to unpredictable market trends.
First, we believe that there is not a perfect balance. If you want to achieve something, you must be ready and willing to spend time and effort on it. It applies the same principle to trading success.
If you want to become a professional trader, you must learn the basics and practice strategies on-site. It can occupy the time you usually spend with your loved ones and for yourselves. Gradually, once the foundation is solidly set up, you should change the time proportion between trading and personal life.
In a nutshell, it is all about how you prioritize things at a time. Remember that we cannot do everything all at once! The definition of work-life balance might come up due to our human greed to achieve everything simultaneously. That’s why we want to balance everything. However, we might have overlooked the fact that “to lose balance sometimes for love is part of living a balanced life.”
So, what do you think? Share your thoughts about this topic in the comment section!
Stay tuned to our next blog that deep dives into many trading aspects. Follow our Medium profile for much more in-depth information about various trading topics!
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